India's edible oil imports seen at lowest in six years

Imports meet nearly two-thirds of India's demand, he said, with palm oil coming mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.(File pic shows a palm oil factory in Malaysia)

MUMBAI: India's imports of edible oil could fall to their lowest in six years, contracting for a second straight year because of the coronavirus outbreak and demand squeezed by record prices, a senior industry official said on Wednesday.

Lower purchases by the world's biggest importer of vegetable oils could weigh on benchmark Malaysian palm oil, U.S. soyoil and sunflower oil prices.